Wedbush Raising Numbers on Intel (INTC), But Shares Fairly Valued
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Price: $102.50 -1.97%
Rating Summary:
24 Buy, 39 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
24 Buy, 39 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Wedbush maintains a 'Neutral' on Intel (NASDAQ: INTC) price target raised from $26 to $28.
Analyst, Betsy Van Hees, said, "Although upbeat, highlighting several upcoming catalysts through the end of 2012, we maintain our rating. Intel was very upbeat highlighting several upcoming catalysts for 2012: (1) Ivy Bridge and Romley ramps, (2) hard disk drive (HDD) supply recovery, and (3) replenishment of PC supply chain. We maintain our NEUTRAL rating and think shares are fairly valued. We wouldn’t be surprised to see the stock trade in a narrow range until there is better visibility on Ultrabook adoption rates and Intel’s ability to gain traction in the mobile market."
Raises FY12 EPS estimate from $2.36 to $2.42 and FY13 from $2.54 to $2.58.
For an analyst ratings summary and ratings history on Intel click here. For more ratings news on Intel click here.
Shares of Intel closed at $28.47 yesterday.
Analyst, Betsy Van Hees, said, "Although upbeat, highlighting several upcoming catalysts through the end of 2012, we maintain our rating. Intel was very upbeat highlighting several upcoming catalysts for 2012: (1) Ivy Bridge and Romley ramps, (2) hard disk drive (HDD) supply recovery, and (3) replenishment of PC supply chain. We maintain our NEUTRAL rating and think shares are fairly valued. We wouldn’t be surprised to see the stock trade in a narrow range until there is better visibility on Ultrabook adoption rates and Intel’s ability to gain traction in the mobile market."
Raises FY12 EPS estimate from $2.36 to $2.42 and FY13 from $2.54 to $2.58.
For an analyst ratings summary and ratings history on Intel click here. For more ratings news on Intel click here.
Shares of Intel closed at $28.47 yesterday.
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